this post was submitted on 11 Apr 2024
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Economics

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These are tough times for two big US dollar store chains. In the past month, Family Dollar said it will close nearly 1,000 stores and 99 Cents Only said it will go out of business.

Both companies said inflation and shoplifting have contributed to their troubles. While inflation has pressured the companies’ low-income customer base and shoplifting has squeezed their profits, those factors alone can’t explain their difficulties.

Years of strategic mistakes and underinvestment have plagued Family Dollar and 99 Cents Only, retail analysts say. Both brands were acquired by other companies and faltered under their new owners.

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[–] [email protected] -3 points 7 months ago

All of that takes up less space than a mini fridge but I will give you that it is a bit unweildy to get home. You could get a months worth of food on two or three bus rides. All of that stuff is stable for at least a month. I did that for 2 years while trying to survive on minimum wage.